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Euro zone manufacturing picks up
01 Apr 2015 09:09
Manufacturing activity across the euro zone accelerated faster than previously thought last month, adding to signs the euro economy is recovering.
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Any indication of a pick-up in growth will delight the European Central Bank, which embarked on a quantitative easing programme in March.
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It is aiming to buy around €60 billion of bonds every month to drive up inflation and spur the recovery.
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Markit's final March manufacturing Purchasing Managers' Index (PMI) was at a 10-month high of 52.2, beating a flash reading of 51.9.
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It was the 21st month it has been above the 50 mark that separates growth from contraction.
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